US spot Bitcoin ETFs saw their first net outflows in 2026, but BlackRock’s inflows and Morgan Stanley’s new Bitcoin and Solana ETF plans underscore continued institutional demand.
Summary
- US spot Bitcoin ETFs posted their first daily net outflows of 2026 as Fidelity, Grayscale, Ark 21Shares and VanEck products were redeemed.
- BlackRock’s iShares Bitcoin Trust continued to attract fresh money and remains the largest Bitcoin ETF after seeing the largest inflows in 2025.
- Morgan Stanley filed for new Bitcoin and Solana ETFs, adding blue chip backing to crypto ETPs even as short-term flows fluctuate.
US Bitcoin exchange-traded funds recorded net outflows on Tuesday, marking the first day of negative total flows in 2026 after two consecutive sessions of strong inflows, according to data from SoSoValue.
The outflow of BTC ETFs will continue until 2026
Fidelity’s Wise Origin Bitcoin Fund led the outflows on Tuesday, data showed. Grayscale’s flagship Bitcoin Trust and its Bitcoin Mini Trust also recorded withdrawals, while funds managed by Ark & 21Shares and VanEck recorded net outflows during the session.
BlackRock’s iShares Bitcoin Trust recorded net inflows on Tuesday, partially offsetting selling pressure on other products, according to the data. The fund has attracted significant cumulative inflows through the first three trading days of 2026, maintaining its position as the largest Bitcoin ETF by assets.
U.S. spot Ethereum ETFs recorded net inflows on Tuesday even as some products from Grayscale and Fidelity saw outflows, data from SoSoValue showed. XRP-focused and Solana-focused exchange-traded products also registered new inflows during the session.
The outflows followed a strong start to the year for Bitcoin ETFs. According to the data, the sector recorded significant net inflows during the first two trading days of 2026.
“Bitcoin ETFs are coming into 2026 like a lion,” said Bloomberg senior ETF analyst Eric Balchunas, noting that inflows were significant in just two days and nearly all funds participated. Balchunas added that maintaining the pace would mean annual inflows would far exceed the totals recorded in 2025.
US spot Bitcoin ETFs attracted net inflows in 2025, although the total was smaller than the previous year, according to industry data. BlackRock’s iShares product was responsible for the majority of 2025 inflows.
Bitcoin ETFs recorded their biggest single-day inflows in three months on Monday, as Bitcoin prices rose after a volatile end to 2025, according to market data.
Morgan Stanley announced in a filing with the U.S. Securities and Exchange Commission that it plans to launch Bitcoin and Solana ETFs. The proposed Morgan Stanley Bitcoin Trust will be a passive vehicle designed to track the spot price of Bitcoin and will not use leverage or derivatives, according to the filing.
